Aramco completes acquisition of 10% stake in Horse Powertrain Limited

Aramco completes acquisition of 10% stake in Horse Powertrain Limited Following the signing of definitive agreements on June 28, 2024, Aramco has completed its acquisition of a 10% equity stake in Horse Powertrain Limited (“Horse Powertrain”), based on an enterprise value of €7.4 billion Renault Group and Geely (through Geely Holding and Geely Auto) each… Continue reading Aramco completes acquisition of 10% stake in Horse Powertrain Limited

Aramco finalise l’acquisition d’une participation de 10 % au capital de Horse Powertrain Limited

Aramco finalise l’acquisition d’une participation de 10 % au capital de Horse Powertrain Limited À la suite de la signature d’accords définitifs le 28 juin 2024, Aramco a finalisé l’acquisition d’une participation de 10 % au capital de Horse Powertrain Limited (« Horse Powertrain »), valorisant la société à 7,4 milliards d’euros Renault Group et Geely (par… Continue reading Aramco finalise l’acquisition d’une participation de 10 % au capital de Horse Powertrain Limited

Nissan looks to avoid repeat of 1999 crisis after profit collapse

After a brutal six months, Nissan is edging towards a financial precipice of the type that prompted its 1999 rescue by Renault. The Japanese firm is reportedly scouting for an investment partner to bolster it financially.  Honda has been named by a source speaking to the Financial Times as a possible buyer for shares being sold by Renault.… Continue reading Nissan looks to avoid repeat of 1999 crisis after profit collapse

STELLANTIS. Resignation of Carlos Tavares: “he went from Messiah to banned”, “he was the most hated boss”

Stellantis announced on Sunday December 1, 2024 the resignation “with immediate effect” of Carlos Tavares, boss of the automobile group, whose successor will be appointed in the first half of 2025. Disagreements accelerated his departure. Reactions in Sochaux and Vesoul, two of the group’s French factories. The essentials of the day: our exclusive selection Every… Continue reading STELLANTIS. Resignation of Carlos Tavares: “he went from Messiah to banned”, “he was the most hated boss”

@Renault: Aramco completes acquisition of 10% stake in Horse Powertrain Limited000674

Aramco completes acquisition of 10% stake in Horse Powertrain Limited Following the signing of definitive agreements on June 28, 2024, Aramco has completed its acquisition of a 10% equity stake in Horse Powertrain Limited (“Horse Powertrain”), based on an enterprise value of €7.4 billion Renault Group and Geely (through Geely Holding and Geely Auto) each… Continue reading @Renault: Aramco completes acquisition of 10% stake in Horse Powertrain Limited000674

@Renault: Aramco finalise l’acquisition d’une participation de 10 % au capital de Horse Powertrain Limited000673

Aramco finalise l’acquisition d’une participation de 10 % au capital de Horse Powertrain Limited À la suite de la signature d’accords définitifs le 28 juin 2024, Aramco a finalisé l’acquisition d’une participation de 10 % au capital de Horse Powertrain Limited (« Horse Powertrain »), valorisant la société à 7,4 milliards d’euros Renault Group et Geely (par… Continue reading @Renault: Aramco finalise l’acquisition d’une participation de 10 % au capital de Horse Powertrain Limited000673

Why I love the Renault Scenic more than any Ferrari or Lamborghini

I’m sure that most of us who love cars happen to have developed that fondness because of one particular car in the family and one core memory hinged around it. I reckon that it usually stems from pretty early – those moments between learning to walk and writing your name – and it very often… Continue reading Why I love the Renault Scenic more than any Ferrari or Lamborghini

Renault E-Tech T semi truck gets 600 km range for ’25, logs 19 million miles

Renault Trucks doesn’t get a lot of headlines outside of France, but the company is serious about electric trucking – and its new 2025 MY E-Tech T electric semi truck is packing serious range, too: more than 600 km (about 375 miles) per charge! Renault claims its trucks have logged nearly 19 million all-electric miles, saving… Continue reading Renault E-Tech T semi truck gets 600 km range for ’25, logs 19 million miles

Hyundai Motor India disputes media reports on emission penalties

Hyundai Motor India, the country’s second largest carmaker, has taken issue with media reports alleging that it, along with some of its peers, may be slapped with aggregate penalties of around Rs 7,200 crore. It said it has not received any formal or informal communication from the government in this regard, and also took issue… Continue reading Hyundai Motor India disputes media reports on emission penalties

First Sentier Investors announces key leadership appointments

SYDNEY and NEW YORK, Nov. 29, 2024 /PRNewswire/ — First Sentier Investors, a leading global investment manager, is pleased to announce two key leadership appointments, effective Jan. 1, 2025. Harry Moore, currently the Global Head of Distribution, Marketing, and Communications is appointed to the newly created role of Chief Commercial Officer; and Lauren Prendiville, currently… Continue reading First Sentier Investors announces key leadership appointments